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on the table hits the big three really hard. but feel good about the fact that tonight john boehner was having pizza with the tea partiers. the folks that say they won't sign on to anything. congressman kucinich calls the plan a raw deal. he's here and he's fired up tonight. this is the ed show, let's get to work. >> all of the candidates are going to have to demonstrate they can do all of the job all of the time. >> tim pawlenty is taking cheap shops at a republican front-runner. tonight i'm going to defend michele bachmann. >> i'm not going to allow anyone to take a pufrmg at me. >> alan west refuses to apologize for his sexist remarks. today he says she owes him an apology. where's the outrage? >>> if you thought the defense of news corp. was odd, wait until you hear bill o'reilly's stance. >>> the president first tried to sell his plan to nancy pelosi and harry reid. and then the obstructionists came over to the white house. boehner and mk skon el. they have to convince members of their party to accept over a trillion dollars in revenue increases in order to take this zeal. don't hold your
to democratic aides, a debt deal without tax increases is reportedly moving forward. tonight, the big three remain on the chopping block. democrats need to understand cutting the big three in any way is a disaster. this is "the ed show." let's get to work. >>> democrats still say no deal without taxes. the tan man can't control his tea partiers. meanwhile, religious and civil rights leaders are personally urging the president not to cut the social safety net. reverend jim wallace met with the president. he's here tonight. in "psycho talk" el rushbo is pushing another democratic conspiracy theory. and congressman allen west voted to cut social security for his constituents and for some listen he's still attacking debbie wasserman-shultz. >> 80%. 80% of americans do not want washington to lay a finger on medicare and medicaid. that's a heck of a number. you know the nfl is about ready to do a deal. if some nfl coach said my quarterback is going to hit 80% of his passes this year, they'll say holy smokes, we're going to win the whole thing. that is a huge number. this just isn't democrats. it'
about taxes and possible cuts to the big three. >>> and in wisconsin, we have a result in the state's first recall election since the scott walker union busting law was passed. the democrat, dave hansen, has defeated the republican challenger, another major victory for workers rights in wisconsin and in america. this is "the ed show." let's get to work. >> we now have a bipartisan group of senators who agree with that balanced approach. and we've got the american people who agree with that balanced approach. >> the gang of six plan rides again. bernie sanders gives the plan a huge thumb's down. he's here tonight. rupert murdoch plays dumb in front of parliament. >> i don't know. >> reminds me of a scene from the godfather. >> i don't know nothing about that. >> we have more on the news corp. dog and pony show. and the election results everyone is waiting for out of wisconsin. we will talk to the first member of the wisconsin 14 to face a recall election. >>> good evening, americans, thanks for joining us tonight. with less than two weeks before the united states defaults on its obli
more on that later. but we begin with the big fight in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question this morning will we to see any progress this weekend? we go live to the white house for more. are they working this weekend and might we expect more progress here? >> reporter: we'll to see. there's a lot of closed door negotiations. that's the phase we're in now. we're a day closer to what many experts have called a financial catastrophe, six closed door meetings that they had in the west wing. the focus turns to congress. whether or not they can reach a deal on a dramatically scaled back version, not that grand bargain, something smaller but do it in time for august 2nd when the country is due to run out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards w
her 80-year-old husband, smacking the attacker in the head. big jab. we'll have more on the man behind the pie all later in the show. by the way, in about an hour from now, the uk prime minister david minister, he's expected to speak in front of parliament hoping to stop further damage to the government from this scandal. so to get some of the latest on the investigation and a preview of what will happen in today's speech, martin flesher joins us live from london. there is an emergency session of parliament today, this has brought david cameron back into the country to be able to speak before the people there. what do we expect to hear? >> that's right, today's highlight, every day brings some dramatic development. today the star there will be david cameron. he actually called for the emergency session. he cut short a trip to africa to try to take control of this. he'll face a grilling, though. the key questions will be very significant questions for him. why did he hire a former news of the world editor despite warnings, how much did he know about the phone hacking investigation, when
. that would mean republicans get big spending cuts in exchange for zero tax increases. the president vowed that that wouldn't happen. tonight let's be an honest broker and make sure he keeps his word. >> i do not see a path to a deal if they don't budge, period. >> president obama drew a line on taxes last week. republicans are running out the clock, and it looks like the president is caving. senator sheldon whitehouse is here. one of the key figures in the news corporate fox hacking scandal is found dead, and there's more trouble in the united states for rupert murdoch. filmmaker robert greenwall on the latest. in psycho talk tonight. >> yes, they have the right to do that. that's not discriminating based upon religion against their particular religion. >> republican presidential hopeful herman cain has a warped understanding of the constitution. more anti-islam remarks from the godfather's pizza man. tonight, he's attacking another candidate on his religion. remember last week everybody was saying, well, the president is in such a good place right now. really? folks, as liberals we need
for the interview. >> and another political big wig takes exception on a big question of where he plans to send his kids to school. >> first off, it is none of your business. >>> and we begin with the debt ceiling fight, and the republicans unable to agree to disagree, and here is the level of confusion coming from the gop on the ongoing debt debate. this morning the washington post set the stage for a potential breakthrough reporting on the editorial page right here that grover norquist, the anti-tax guru of the right said that allowing the bush era tax cuts to expire would not be a violation of the tax pledge that nearly every member of congress has resigned which is a significant concession. problem solved? not exactly. within hours norquist told my colleague chris jansing this right here on msnbc on jansing & company. >> i can be clear, americans for tax reform would oppose any effort to weaken, reduce or not continue the 2001-2003 bush tax cuts and any changes of the taxes should be kept separate from the budget deal. >> moments ago, the post released audio of norquist supporting their editori
republicans in this fight than grover norquist. he's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that
guys to protect the fat guys and corporate jets and big super rich. you're expendable now, crack thinkers. don't you understand? they play you against the poor and you're skpentable now. let those guys handle it. they got to protect the big guys. >> now know, that is coming from john mccain whose campaign might be compared to custard, except custer's came out better than mccain's did. in 2012 a conservative will be elected so i think that will speak for itself. his his brand was she lacks in 2007 within 2008. mine won the house of representative by record numbers in 2010. >> yeah, but now your brand of conservative is told, get your butts in line. don't get too big for yourself. because you've done your job. you're saving the corporate jet guys. you're closing in making sure to protect the loops holes. now just shut up and let us handle it, we've got movies it watch. thank you judson phillips. thank you for being here with me. >> thank you for having me. >> hosts of the bill press show on sirius radio, gentlemen, it is quite interesting, looks like mr. boehner is trying to get a
to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that would study ways to reduce the d
company is too big to know the details of each business. there can be more tough questions ahead. the british prime minister david cameron has called a judiciary inquiry. they could be summoned for that. and some u.s. lawmakers want their own hearing on capitol hill. stephanie gosk, nbc news, london. >>> lawmakers finally appear to be making bipartisan progress in those ongoing divide over what to do about the debt limit. for the latest, we go to tracie potts in washington for us. good morning. >> reporter: lynn, good morning. just a glimmer of hope this morning from the so-called gang of six. three democrats and republicans who have been working together on a compromise. the plan on the table would cut $4 trillion from the deficit, lower taxes, but also bring in a trillion dollars in new revenues by closing tax loopholes. both sides seem to like it at least as a first step. president obama calling this a very significant step in line with what he's been working on at the white house. republicans saying it has good elements. they want to take a very close look at this. that after
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
>>> the big story today, boiling point. good afternoon, i'm matt miller in for dylan ratigan as dylan continues book on his upcoming book "greedy bastards." the debt debate coming down to threats, the new deal president obama and speaker boehner are working on reportedly includes $3 trillion in cuts, but only a promise of tax reform matched with triggers to punish each party if congress doesn't follow through. dems will lose a key component of health care reform, the individual mandate. the gop has the bush tax cuts at stake. the president "today show"ing his true feelings about the constant white house meetings on debt. take a listen. >> there's nothing i enjoy more than sitting hour after hour day after day debating the fine points of the federal budget with members of congress. >> a little presidential irony. meantime two other options are doa, the house cut, cap and balance act. it was pretty senseless. they won't take up the mcconnell fallback plan because harry reid wants to see what comes out of the white house. mike viqueira is live outside the white house where he sa
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
witt. first off for you this hour the big fight in washington over spending and the debt limit. as that august 2nd deadline to raise the debt ceiling grows closer. we go to the white house for more. >> reporter: good morning, richard. it's a day closer to what the president and many outside experts are calling a financial catastrophe and hope for a big deal, the so-called grand bargain appears to be all but lost. the action turns to congress and whether they can pass a scaled down version of debt reduction before the country runs out of cash. taking his case public for the second time in a week, president obama accused republicans of refusing to compromise. >> the problem is members of congress are dug in ideologically into various positions because they boxed themselves in with previous statements. >> reporter: with the clock ticking towards what the president described as are a ma fw -- armageddon, he's hoping a deal could still be struck. >> but we got to get started now. that's why i'm expecting some answers from all the congressional leaders sometime in the next calm of da
're still fighting that fight? >> look, the big grand bargain is still on the table. that deal is there if the speaker wants to return to the table and negotiate it. we came very close. the president and the speaker did. and that opportunity still exists. secondly, the helpful proposal senator reid put out does not include up front the tough issues of entitlement reform or tax reform, it creates a committee that would look at those issues on a fast-track basis by the end of the year. that's not possible, we prefer one that does it all at once. however this turns out if we don't get the tough issues addressed because they're essential to address the deficits and long-term debt we're going to return to the debate. because the public supports a balanced approach. it's not the right way to do this if we don't ask sacrifice from everybody. not just one sector or a limited number of sectors from the society. >> let's listen to what the president said last night, to voice support for a bipartisan deal. let's listen. >> the american people may have voted for divided government, but the
. and right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> it is so elementary and so simple for the republicans, isn't it? boehner's two-step approach is nothing but a joke. for republicans, it all starts and ends with defeating president obama and seeing him fail. just take a look at the title of boehner's plan, "two-step approach to hold president obama accountable"? president obama accountable? did he inherit this? hold it there for just a moment. boehner isn't trying to solve the debt crisis. this is all about making president obama fail. let's dive into boehner's two-step plan. here's number one. cuts that exceed the debt hike. number two, caps to control future spending. now, those two steps seem pretty reasonable. the problem? boehner's two-step plan, you see, really has three more steps to it. number three, a balanced budget amendment. now, let's t
, the smaller the people. and right now we've got a government so big and so expensive it's sapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> it is so elementary and so simple for the republicans, isn't it? boehner's two-step approach is nothing but a joke. for republicans, it all starts and ends with defeating president obama and seeing him fail. just take a look at the title of boehner's plan, "two-step approach to hold president obama accountable"? president obama accountable? did he inherit this? hold it there for just a moment. boehner isn't trying to solve the debt crisis. this is all about making president obama fail. let's dive into boehner's two-step plan. here's number one. cuts that exceed the debt hike. number two, caps to control future spending. now, those two steps seem pretty reasonable. the problem? boehner's two-step plan, you see, really has three more steps to it. number three, a balanced budget amend
'm thomas roberts. rupert murdoch will testify at parliament tomorrow, this is the big headline, all over the phone hacking scandal that's rocking his media scandal. meanwhile there was a new arrest of a top exec over the weekend, and now the head of scotland yard and his assistant are resigning. if you're keeping score so far, there have been three high-profile resignations, ten arrests and it is not over yet. jim maceda is live in london to bring us up to speed on this. jim, good morning. >> reporter: hi there, thomas. make that four high profile resignations. just a couple of hours ago scotland yard's number two, john yates, also resigned under increasing, extraordinary, really, pressure. that on the heels on his boss's resignation last night. commissioner paul stevenson, he was the head of scotland yard. he, if you will, fell on his sword and said that he could not in good conscience continue with all the challenges to keep the peace in great britain as he and specifically his relationship with the murdock media empire became such a focus of attention. he was calling it a major distra
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
people on board. it looks like right now they're headed in the right direction toward a big plan, exactly what the president wanted. lynn? >> brian, thanks so much. well, last night on "chris matthews," chris asked gang of six senators, mark warner what sets their deficit reduction plan apart from other proposals put forth by republicans? >> this is the first time we've seen a bipartisan plan that includes revenues, that, it really is comprehensive, it's bipartisan. it isn't perfect. but when the alternative is we're going to drive this country over the cliff, i think we've got to start with something that actually gets the job done, that gives us that comprehensive approach, and the fact that we had a whole lot of democrats and republicans yesterday saying, yeah, i'm ready to at least move to the next step, was a good sign. we've got to realize we're 13 days away from a default. we're 13 days away from an indirect tax increase with every american where their interest rates skyrocket and the government can't pay its bills. we've got to be responsible and get something done. if we can buil
, but if a shrunken version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze these two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do >> i don't think he can do that, chris. when
. the big, brand new nbc "wall street journal" poll, and the revived gang of six which the white house is seizing on to give new life to the president's push for a big deficit reduction deal. the bipartisan group's proposal is still in outline form. they would reduce the deficit by 3.7 trillion over the next decade, cutting discretionary spending, defense spending, overhauling entitlement programs, rewriting the tax code by lowering rates, getting rid of deductions that overall would generate a trillion dollars in those deficit cuts. the plan got an enthusiastic reception from the white house and senate rank and file. watch. >> we now have a bipartisan group of senators who agree with that balanced approach. we have got the american people who agree with that balanced approach. >> 49 senators came to the room, and you know what, there were no fist fights, there were no -- there was no swearing. >> i think they're creating a vital center on what is the most important issue facing the country. >> it is a great start and it has provided great leadership. >>> but senate leaders mitch mccon
delays the big vote indicating he does not have votes to pass it. it all raises the big question, has the tea party taken control of boehner's house? >>> plus, wouldn't you love to know what mr. economy thinks about all this? too bad. because mr. romney is not talking. how's that for leadership. >>> and waiting with wait until you meet the latest extremist to log on to perry's prayer route. i'm al sharpton. breaking news. boehner abruptly delayed a make or break vote on his own debt plan. the speaker frantically been trying to whip up support from tea party republicans all day long. it is an indication that he simply does not have the votes to pass his plan. it is unclear when the vote will happen. the fear here would be a stunning setback for his leadership and for the g oo p establishment as it battles with party members. joining me is nbc's luke russell live on capitol hill. luke, can you tell us what is happening here? >> good evening reverend al. an alarming piece of news that came to us about 15 minutes ago. democratic aides received word from the republican floor staff and in f
>>> two big developing stories. gone to parts unknown, casey anthony, the florida woman acquitted of murder free from custody just after midnight today. we'll hear about the scene outside of the jail and talk to someone who was inside when anthony left. plus, where might she be right now? >>> the other developing story, countdown to a deal. new reports that the president and congressional leaders may meet today to try to hammer out a debt ceiling agreement. will that happen soon or go down the wire? good morning, i'm richard lui. alex witt is off today. welcome to msnbc sunday. topping our hour we'll start with casey anthony. after nearly three years behind bars she's a free woman this morning. the 25-year-old was released from jail just after midnight eastern time 12 days after she was acquitted of murder in the death of her daughter. outside of the jail hundreds gathered, carrying signs of protest or support of anthony. inside one nbc photo news journalist was in the procession room when casey was released. he described what happened. >> she was just total vision through the doo
going on behind the scenes, no big meetings today, the president in his weekly address today laid out the stakes and again called for share sacrifice and that means in the white house, you're raising taxes on the wealthy. >> the truth is, you can't solve our deficit without cutting spending, but you also can't solve it without asking the wealthiest americans to may their fair share or without taking on loopholes that give special interests and big corporations tax breaks that middle class americans don't get. >> reporter: now those taxes that the president are talking about, a nonstarter with republicans, that is a sticking point. that is the impasse, the hurdle that they simply cannot clear. in the meantime, republicans are moving ahead in congress with a balanced budget amendment to the constitution. it is very much a long shot. they're moving ahead, here's orrin hatch explaining why. >> the only reason this administration doesn't want a constitutional amendment is because they want to keep spending the american people's money. and the only reason congressional democrats would refus
rchts good wepz, everybody. i'm contessa brewer covering the big news coast to coast. the big story right now the phone hacking scandal in great britain reaches the highest echelons of government. with prime minister david cameron facing cheers and jeers in an uncommon emergency session of the house of commons. >> i have an old fashioned view about innocent until proven guilty. >> prime minister david cameron addressing the house of commons. >> if it turns out andy coulson knew about the hacking at the news of the world he will not only have lied to me, but he would have lied to the police, to a select committee torque the press complaints commission, and of course, perjured himself in a court of law. >> former news of the world ed tore andy coulson was until january cameron's communications director. >> with 20/20 hindsight and all that has followed i would not have offered him the job and i expect that he wouldn't have taken it. >> coulson was arrested this month suspected of corruption in the u.s. voice mail hacking and police bribery scandal. >> you live and you learn and believ
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
in charge say regardless of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2nd deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoma
. if you do nothing, you have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> h
. floor ads are big business across this country because -- come on, if you're a company who sells stuff? supermarkets, wouldn't you want a big, shiny floor ad like this one? a couple of years ago, a floor ad mysteriously started losing top clients. they didn't because people didn't want floor ads anymore. come on, they started losing clients because a rival company in the industry was starting to lose their clients. floor graphics was a small firm in new jersey, but a big players entered the arena, a big player with a bigger corporate parent, a company you may have heard of, news corp. news corp. had a u.s.-based company called news america marketing that was already involved in the supermarket advertising business but really wanted in on the awesome floor ads. the only problem was this small new jersey company, floor graphics, was dominating the market. you say problem, news corp. says opportunity. news corp. set its sights on taking this little company down. they had the right guy to do it, according to a fortune magazine profile, crushes a rival's skull with a baseball bat. who bette
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
hundreds! yeah, that'll certainly stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. somewhere in america, there's a doctor who can peer into the future. there's a nurse who can access in an instant every patient's past. and because the whole hospital's working together, there's a family who can breathe easy, right now. somewhere in america, we've already answered some of the nation's toughest healthcare questions. and the over 60,000 people of siemens are ready to do it again. siemens. answers. >>> here's how citigroup describes it. asking what the u.s. economy might look like after a possible u.s. treasury default is akin to asking what will you do after you commit suicide. here's how the treasury secretary put it in a meeting with democrats. if this country defaults on its obligations, it will be much worse than the great depression. it will make the massive financial crisis of 2008 look mild. it will make what we just went through look like a quaint little crisis. when moody's said
on to as a pass towards raising the debt ceiling. i'm sure that was an edified discussion for their big senate plan, which the president likes, but it is not the president and the senate who need to get together to decide this thing. it's the president and the senate and the drunk kids at the other end of the building who are setting their barbies on fire and cooking metal in the microwave until it explodes. watch it burn! watch it burn! honestly, time for a reality check here. house republicans are not trying to drive a hard bargain and get the best deal possible. house republicans do not want to raise the debt ceiling. for anything. they would please not like to raise the debt ceiling. they would like to go into default, thank you very much. house republicans have been actively making that argument for weeks now that hitting the debt ceiling, oh, that won't hurt a bit, who cares? republican congressman mo brooks of alabama told the washington post this week that on the contrary, all credit rating should be improved by not raising the debt ceiling, which is like saying you're looking forward
're going to start with the big event in washington growing more desperate as the august 2nd deadline to raise the debt ceiling approaches. the key question will we see any progress this weekend. this as president obama warns that failure to take action could lead to serious financial fallout. >> we don't need a constitutional amendment to do our jobs. the constitution already tells us to do our jobs. we don't need more studies. we don't need more a balanced budget amendment. we simply need to make these tough choices and be willing to take on our bases. >> the republicans say they have a new long-term fix. a new amendment to the u.s. constitution. let's go straight to aaron mcpike. an issue of what is at stake today. a reporter with real clear pricks. what is this budget amendment? before we get to that, i want to show people what is at stake in terms of the numbers. $23 billion in social security payments. that's a payment that's on the united states' credit card bill. $87 billion that's another number that's being watched. august 15th also will come due $30 billion in interest paym
known and they talk about it a lot in the market, and is it getting big r bigger. >> the last time we heard about it is when he bought the "wall street journal," and they said that buying into the troubled newspaper sector is a bad idea and now newspapers like "news of the world" are shuttered and parts of the business and analysts love fox news and fox network and bskyb who he wants to own the rest of it which is off of the table now because of to scandal, but if they can concentrate on the high performing assets, they are okay in the long run. news corp is not going to allow the company to be hurt in the long run, but the newspaper division, clearly wounded. >> and they could have problems going forward, because yahoo!'s daniel gross did an interesting column on this and he said that the hit to the credibility will create a different freedom for working there and harder for places that the murdoch companies own to hire good journlgists, because to get them to come over after this is that you will have to pay them extra, and more to sort of deal with the reputational problems of the
the two minnesotans continues. tim pawlenty went after michele bachmann. >> there's a big difference in talking about things and getting them done. >> this is the third day in a row where we have seen tim pawlenty heat up in his rhetoric against michele bachmann. it's clearly trying to set up the two of them as they go mono on mono for this straw poll. what is interesting, there was a republican debate before the straw poll that takes place in iowa. so instead of everyone going after mitt romney, it's clear that there's going to be a little mini debate going on. all of that in the shadow of what is going on with rick perry and chris christie showing up. lots to go through. we're going to get to that later in the show. let's get to the big story. there's one week left to raise the debt ceiling. two sides feel like they are farther apart than ever. serving on the budget committee, senator, let's start with what is on the table. can you support harry reid's plan as it stands right now in the united states senate? >> no. but i don't think that we're that far apart, chuck. if you take the
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
republican presidential candidates have money problems. >> and big money, big problems? >> gop fund-raisers staying on the sidelines. >> for mitt romney it's 70% maxed out contributions. >> is newt aware he's running for president? >> the arrests continue as the british police close in on rupert murdoch's media empire scandal. >> every day we're seeing more inconceivable things happen. >> abandon ship. in the last 24 hours there have been two high level resignations. zo london's top cop. >> rebekah brooks was released on jail. >> rupert murdoch is supposed to face the scandal head on tomorrow. >> all eyes are trained on parliament tomorrow. >> they're cutting short a trip today to south africa. >> when is he going to do the decent thing and resign? >> congress now has 15 days to pass a bill to raise the debt ceiling before the united states government goes into a catastrophic default on august 2nd. today harry reid announced the senate will meet every day until the debt ceiling is raised. yesterday david rogers of politico discovered and reported that house speaker john boehner and
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reasons boehner didn't go to the floor. not aa lot to give away
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